Financial Services Consulting

"The dust is finally beginning to settle from the first wave of new regulations imposed on financial services companies in the wake of the 2009 crisis. Anemic economic growth coupled with aggressive regulators, frustrated customers and disruptive new technologies have buried the old operating models. The industry is looking to consultants to help reinvent itself and its services as it struggles to remain relevant in a market environment undergoing tectonic shifts."

Consulting Capabilities and Trends Analysis

Kennedy's exclusive, qualitative assessments of provider capabilities at the engagement level to inform buyers of consulting services in financial services.

What Comprises Financial Services Consulting

Financial services: Services concerned with the allocation, management and investment of resources with particular emphasis on time (term), liquidity and risk.

Banking: Business services (whether for retail or institutional customers) which are designed to help customers manage cash flow. Core banking services traditionally include checking and savings accounts, as well as issuing loans and credit.

Insurance: Insurance services are designed to transfer risk from an individual (retail or institutional customers) to a larger pool of participants. Participants pay a premium and are reimbursed (in part or whole) in the event of a (predefined) loss. Participants are typically rated according to categories of risk and grouped in appropriate risk-level pools.